Common use of Special Authorization Clause in Contracts

Special Authorization. Upon the making of the relevant Disbursement, the Company irrevocably authorizes OPIC to date the applicable Note (or Notes) the date of the applicable Disbursement Date and, with respect to the Tranche 2 Note, insert the Base Rate.

Appears in 2 contracts

Sources: Finance Agreement (Amax Gold Inc), Finance Agreement (Amax Gold Inc)